Latin America Printed Circuit Board Market Forecast Analysis 2024-2032
Triton’s research report estimates that the Latin America printed circuit board market is expected to garner revenue at a CAGR of 4.78% during the forecast years 2024-2032.
The printed circuit board market in Latin America is experiencing growth driven by a combination of regional industrialization, technological adoption, and the expanding presence of global electronics manufacturers. The rise of digital technologies like 5G, IoT, and renewable energy solutions is further pushing the need for more customized PCBs, thereby propelling the market growth. Amidst the supply chain uncertainties, government policies aimed at fostering innovation and supporting domestic production, alongside a growing pool of skilled engineers and technicians, are also contributing to the expansion of the PCB market in this region.
The countries studied in this region include Brazil, Mexico, and Latin America.
Brazil captured the highest share in the printed circuit board market, obtaining about $0.18 billion in 2023.
- By 2025, ITA states that Brazil is expected to be among the top five global smartphone markets, with around 200 million connections. The Brazilian government is advancing its Digital Transformation Strategy through various national strategies, including the National IoT, National Cybersecurity, and AI Strategies, to enhance productivity and competitiveness.
- The country’s new National Semiconductor Plan is also designed to boost the semiconductor industry and integrate Brazil into the global semiconductor supply chain. This initiative is likely to strengthen the existing IT industry and attract new investors to Brazil.
- These developments will increase the demand for printed circuit boards as they are crucial in the production of semiconductor devices, which in turn will expand the reviewed market.
Printed Circuit Board Market Forecast for Mexico
Jalisco, housing 70% of Mexico’s semiconductor companies, has established itself as a sector leader. As reported by news reports in April 2024, AI development companies within the US are planning to relocate AI hardware production to Mexico. The country’s strategic location and growing technological capabilities position it as a key partner for the future of supporting the broader growth of the semiconductor manufacturing and electronics industries in this region. PCBs are essential platforms that electrically connect semiconductors, like microprocessors and memory chips, to other components in electronic devices, which thereby increases the demand for printed circuit boards in Mexico.
The printed circuit board market is segmented based on raw material, application, and substrate. The substrate segment is further branched into high-density interconnect (HDI), standard multilayer, rigid 1-2 sided, flexible circuits, rigid flex, and integrated circuit (IC). Rigid-flex printed circuit boards connect rigid boards without the need for connectors or cables, resulting in better signal transmission. These applications also provide enhanced reliability, with MTBF (Mean Time Between Failures) rates typically exceeding those of standard PCB setups with separate wires and connectors.
Contender Analysis in the Printed Circuit Board Market:
Daeduck Electronics is engaged in the manufacturing and distribution of printed circuit boards. The company offers high-density interconnects (HDIs), high-speed boards, network boards, and package substrates. Its package substrate offers memory cards, Sip, CSP, and flip chips. The company’s automotive PCB consists of press-fit technology, high-performance material, and high thermal conductivity. It operates in South Korea, the US and Canada and is headquartered in Siheung, South Korea.
Recently, it successfully developed a large-body FCBGA (Flip-chip Ball Grid Array) substrate designed for data centers and AI servers. This substrate utilizes the flip-chip method to connect semiconductor chips with package substrates, enhancing both electrical and thermal performance.
The key entities in the reviewed market are Hannstar Board Corporation, ISU Petasys, Nippon Mektron Ltd, Nan Ya PCB Corporation, OKI Printed Circuits Co Ltd, etc.
LATIN AMERICA PRINTED CIRCUIT BOARD MARKET 2024-2032.pdf